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View Diary: Internal Wall Street pitchbook shows that you, the clients, are suckers (107 comments)

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  •  I have only heard this from penny stock (0+ / 0-)

    pitchmen. They are indeed straight out of Glengarry Glenross. However, I have never heard this type of talk from a mainstream broker and I have dealt with quite a few. Back when I first started investing I got ripped off by a penny stock guy (naiveté is a necessary component). However, when I grew up a bit, and started playing for real, I never got this kind of guff from, say, Schwab or other similar brokers. If you ever do get this kind of pressure, run.

    Voting is the means by which the public is distracted from the realities of power and its exercise.

    by Anne Elk on Fri May 24, 2013 at 04:00:48 PM PDT

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